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Indian equities ended off the highest point of the day but managed to snap a five-day losing streak in what turned out to be a volatile trading session.
The S&P BSE Sensex just managed to end in the green, closing with gains of 7 points at 49,751. The NSE Nifty 50 index ended 30 points higher at 14,707. The Sensex and Nifty fell nearly 600 and 150 points from their respective day's high.
Among the sectoral indices, Metal stocks continued to shine with the Nifty Metal index ending 3.9% higher. The 15-stock gauge ended at the highest level since April 2018.
Realty stocks were the other outperformers in today's session. The Nifty Realty index ended with gains of 2.7%. Other outperformers today were oil PSUs like ONGC, GAIL, along with the Oil Marketing Companies.
Most other sectoral indices ended little changed. The Nifty Bank also traded in a 700 point range, eventually ending 0.4% lower.
Broader markets outperformed the benchmarks in today's session. The Nifty Midcap index ended 1% higher while the Smallcap index gained a similar quantum to end with gains of 0.9%.
After a 15% surge on Monday, the India Volatility Index ended 1% lower at 25.23.
1,142 stocks on the NSE ended with gains while 756 stocks posted losses.
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Indian equities opened higher after posting five consecutive days of losses. Sentiment across the Asia Pacific is mixed with markets in Japan being closed due to a holiday.
The S&P BSE Sensex opened 0.5% higher at 49,994 while the NSE Nifty 50 index gained 0.7% to start the trading day at 14,782.
Most sectoral indices which declined on Monday have seen a rebound this morning. The Nifty Bank has opened 0.8% higher while the Metal index has begun trading with gains of 1.1%.
Indices like the Nifty FMCG and the PSU Bank index have opened 0.5% higher while the I.T. index, which fell nearly 3% on Monday, has opened 0.7% higher.
Broader markets too have opened with gains, in-line with the benchmark indices. The Nifty Midcap index is up 0.5% while the Small cap index is up 0.7% at the start of trade.
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